Shares of railway PSU IRCON International Ltd. fell as much as 3% in reaction to their September quarter results on Thursday, November 13, which were lower on a year-on-year basis across parameters.

IRCON International's revenue declined by 19% from last year to ₹1,976 crore. The company's revenue growth declined for the sixth quarter in a row.

Net profit fell by a third, declining 33.7% from the same quarter last year to ₹136.5 crore from ₹205.9 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 29.6% on a year-on-year basis to ₹141.7 crore from ₹201 crore, while margins narrowed by 100 basis points to 7.2% from 8.2% in the year-ago period.

At the end of the quarter, IRCON's total order book stood at ₹23,865 crore, of which the rai

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